Good news from the US: the economy grew by 1.2% annualized against 0.9% expected. Personal consumption was revised up to 0.6%. Durable goods orders are up 0.7% but core orders disappointed with a drop of 0.4%. Excluding defense and air expenses, we see a drop of 0.1% against 0.5% expected. The US dollar is slightly stronger but not going anywhere fast. Here is the euro/dollar chart. The pound seems to extend its falls, moving more on its own weakness than on the US data. Earlier this week, the Fed’s meeting minutes left a bit for everyone. The members would like to raise rates but want more evidence. It is hard to see a smoking gun for a rate hike from this data. More: Technical levels to watch – last week of May 2017 The US was expected to report an upgrade of the Q1 2017 assessment from 0.7% to 0.9%. The figures are all annualized. So, quarter over quarter, this would still keep us in the 0.2% zone. Durable goods orders are released at the same time and are expected to fall by 1.2% against +1.7%. Core orders carry expectations for +0.5% after +0.8%. The US dollar was strengthening ahead of the publication. EUR/USD slipped under 1.12, GBP/USD is around 1.2840, a drop of over 100 pips. USD/JPY stands out and falls to 111. This is a risk off move. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next GBP/USD trades at the lowest in a month – 3 Yohay Elam 6 years Good news from the US: the economy grew by 1.2% annualized against 0.9% expected. Personal consumption was revised up to 0.6%. Durable goods orders are up 0.7% but core orders disappointed with a drop of 0.4%. Excluding defense and air expenses, we see a drop of 0.1% against 0.5% expected. The US dollar is slightly stronger but not going anywhere fast. Here is the euro/dollar chart. The pound seems to extend its falls, moving more on its own weakness than on the US data. Earlier this week, the Fed's meeting minutes left a bit for everyone. The members would like… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
